A fire broke out in a well-known shoe factory and three large factories were razed to the ground.

On March 19th, according to Cambodian media reports, a well-known Chinese-funded shoe factory (RG Footwear) near the Byzantine Market along Highway 4 in Ang Si Nuo County, Ganla Province has been completely extinguished, and the loss may exceed 10 million US dollars (about 70 million yuan).

The fire burned from Monday night to early Tuesday morning, and it took firefighters ten hours to put it out.

Mean Samnang, police chief of Ang Snuol district, said that all three factory buildings were razed to the ground, adding that it was because of the efforts of firefighters that the fire did not spread to the houses near the factory.

Governor Consopone said on March 19th that a total of 300 trucks of water were used to put out the fire and 389 firefighters were deployed. At 4 am on March 19th, the fire was finally put out.

The authorities also took emergency measures to evacuate all residents and other workers near the factory fire.

The destroyed buildings included warehouse space and manufacturing area, adding that no casualties were reported.

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On March 12th, according to foreign media reports, founder Li Ning is considering leading a consortium to acquire Li Ning Company and privatizing it from the Hong Kong Stock Exchange.

Baocheng (9904) benefited from the customer's inventory adjustment. Recently, the kinetic energy of shoe-making orders rebounded, and the company actively recruited workers, which has responded to the order demand.

According to the legal person, Baocheng's manufacturing business shipments declined by about 15-20% last year, which was mainly affected by the slowdown of customers' kinetic energy of European and American brands. However, the demand of both customers has recently recovered, and the legal person is optimistic. Baocheng's shoemaking business shipments this year are estimated to reach a high-digit growth, and the kinetic energy in the second half of the year is estimated to be better than that in the first half.

As for the channel business, according to the legal person analysis, the focus of channel management is still on the adjustment of channel quality and the integration of online and offline sales. The traditional physical channel is expected to continue to adjust. Due to the high base period of Q1 last year, the legal person expects that the revenue growth of Q1 is relatively limited, but it is still positive all year round.

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